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4:48 am
Fri July 13, 2012

JPMorgan: Trading Loss Grows To $4.4 Billion

Originally published on Thu August 30, 2012 11:23 am

Transcript

RENEE MONTAGNE, HOST:

The largest bank in the U.S., JPMorgan Chase, this morning released its second quarter results. It's net income was $5 billion, but it turns out that loses in a failed hedging strategy involving a secretive trader were much higher than what the bank originally said the loss would be. In fact, JPMorgan lost $4.4 billion last quarter on those risky trades.

As NPR's Yuki Noguchi reports, that's not the full extent of the firm's damage.

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The Two-Way
4:44 am
Fri July 13, 2012

200 Feared Dead In Syria's Bloodiest Day So Far

Kofi Annan says he is "shocked and appalled" by reports of a mass killing in the Syrianvillage of Tremseh.
AP

Originally published on Fri July 13, 2012 5:29 am

The grim numbers vary and independent observers haven't yet been able to get to the scene. But there's word from Syria of what may be the single worst day of bloodshed so far in what's become a long line of such horrible events since protests against the regime of President Bashar Assad began in March 2011:

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Around the Nation
4:24 am
Fri July 13, 2012

Surfing Goats Amaze California Beachgoers

Originally published on Fri July 13, 2012 8:04 am

Transcript

RENEE MONTAGNE, HOST:

World
4:18 am
Fri July 13, 2012

Lebanese Tire Of Protesters Using Tires

Originally published on Fri July 13, 2012 8:04 am

Transcript

STEVE INSKEEP, HOST:

Good morning. I'm Steve Inskeep. People in Beirut are sick of political protests across the country. Protesters have been blocking highways with burning tires. So there was only one thing to do. Yesterday, they held a protest using tires against protests using tires. Instead of burning the tires in the street, they painted the tires many colors. The protesters held up signs reading: We are tired. And a police officer refused to ticket them, saying, their tires are pretty. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.

The Two-Way
4:17 am
Fri July 13, 2012

JPMorgan Earned $5B In Second Quarter Even After $4.4B Trading Loss

Originally published on Fri July 13, 2012 11:30 am

Though it suffered an estimated $4.4 billion second-quarter loss related to its bungled trading in some very risky types of investments, JPMorgan Chase said this morning that it still did well enough in its other businesses that it had net income of $5 billion in those three months.

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